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he is behind closed doors right now with the president, talking about the fiscal cliff. this may be a last ditch attempt to try to get a deal. >> president obama was not fretting about the fiscal cliff as he strolled to a holiday party, joking with fox news about the warm weather and expressing hope about a deal. >> it's a work in propro gress. >> speaker boehner not so hopeful. >> it's this issue. spending. he rails against what he claims is not enough spending cut in the proposal and slammed the push for executive powr to raise the debt ceiling something that the democrats never would have given former president george w. bush. >> do you think there is any chance senator obama would have done that? zero. congress is never going to give up our ability to control the purse. >> new fox poll suggests the public wants spending reigned in, with 4% saying the federal government provides too many services. only 20% says too few services, 25% says the right amount. yet, the talks are now so far off-track a senior democrat tells fox at private dinner on wednesday, senate majorit
he is behind closed doors right now with the president, talking about the fiscal cliff. this may be a last ditch attempt to try to get a deal. >> president obama was not fretting about the fiscal cliff as he strolled to a holiday party, joking with fox news about the warm weather and expressing hope about a deal. >> it's a work in propro gress. >> speaker boehner not so hopeful. >> it's this issue. spending. he rails against what he claims is not enough spending cut in...
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cliff. congressional correspondent kwame holman kicks off our coverage tonight >> reporter: late in the day, house speaker john boehner left capitol hill to meet privately with president obama at the white house, their second face- to-face meeting in a week. after a day of heated rhetoric that began on capitol hill, when boehner was blunt in again rejecting the president's demand for power to raise the country's debt ceiling. >> zero. congress is never going to give up our ability to control the purse. and the fact is, is that the debt limit ought to be used to bring fiscal sanity to washington, d.c. >> reporter: as the deadline to reach a deal to avert the fiscal cliff draws ever closer, republicans say the real issue is spending cuts. >> listen, republicans want to solve this problem by getting the spending line down. the president wants to pretend that spending isn't the problem. that's why we don't have an agreement. >> reporter: a claim the white house denies, spokesman jay carney. >> l
cliff. congressional correspondent kwame holman kicks off our coverage tonight >> reporter: late in the day, house speaker john boehner left capitol hill to meet privately with president obama at the white house, their second face- to-face meeting in a week. after a day of heated rhetoric that began on capitol hill, when boehner was blunt in again rejecting the president's demand for power to raise the country's debt ceiling. >> zero. congress is never going to give up our ability...
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john boehner is meeting with president obama on the fiscal cliff as we speak. those are the headlines. tonight in "the war room," you'll get the story. ♪ which side are you on, boy ♪ ♪ which side are you on ♪ >> jennifer: let's start tonight with one of california's most significant contributions to the world... blue jeans! during the gold rush, bavarian immigrant began making durable cotton pants for miners seeking their fortune in the california hills. that man was levi strauss. now, 140 years later 450 million pairs of jeans are sold every year in the u.s. alone. now, you would think with that volume, the manufacturing process would be totally mechanized but actually a lot of it is still done by hand. a typical pair of jeans is made from 15 individual pieces, someone has to oversee cutting all of those pieces and sew them together and as you can see in this discovery channel documentary, the seams get ironed out flat then the zipper and the rivets are attached and finally, because who wants new-looking jeans they get distressed. workers put them on g
john boehner is meeting with president obama on the fiscal cliff as we speak. those are the headlines. tonight in "the war room," you'll get the story. ♪ which side are you on, boy ♪ ♪ which side are you on ♪ >> jennifer: let's start tonight with one of california's most significant contributions to the world... blue jeans! during the gold rush, bavarian immigrant began making durable cotton pants for miners seeking their fortune in the california hills. that man was...
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the impending fiscal cliff. the two sides have reported it will patrol gress so far. so what now? that satellite launched earlier in week by north korea, may or may not be working properly. u.s. officials indicate the spacecraft is tumbling. but not likely to crash in to the earth. there are questions about whether the national labor relations board has gone from impartial rulings to a pro-union bias. we look at the agency. "special report" from washington starts at 6:00 eastern. now have back to fork and my colleagues with "the five." ♪ ♪ >> andrea: welcome back to "the five." barbara walters revealed her most fascinating person picked last night. we'll tell you our thoughts in a moment. but first, the list inspired me along with "time" magazine upcoming person of the year naming to hit the streets to ask americans who they think deserves the title. who do you think should be person of the year? >> harry from one direction. >> eli manning. >> the president. >> i think mitt romney. i think. i mean it's hard
the impending fiscal cliff. the two sides have reported it will patrol gress so far. so what now? that satellite launched earlier in week by north korea, may or may not be working properly. u.s. officials indicate the spacecraft is tumbling. but not likely to crash in to the earth. there are questions about whether the national labor relations board has gone from impartial rulings to a pro-union bias. we look at the agency. "special report" from washington starts at 6:00 eastern. now...
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business. >>> up next, the fiscal cliff. president obama met again today with house speaker john boehner but can boehner deliver his caucus? that's the toughest job for him and for the country. can he deliver enough republicans to be a respectable republican leader in this is "hardball," the place for politics. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ it's so great to see you. you, too! oh, cloudy glasses. you didn't have to come over! actually, honey, i think i did... oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. see, over time, cascade complete pacs fight film buildup two times better than finish quantum. to help leave glasses sparkling shiny! too bad i
business. >>> up next, the fiscal cliff. president obama met again today with house speaker john boehner but can boehner deliver his caucus? that's the toughest job for him and for the country. can he deliver enough republicans to be a respectable republican leader in this is "hardball," the place for politics. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning....
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it was a day marked by growing pessimism over congressional leaders over the fiscal cliff. is this meeting a sign progress is quietly being made with both sides? rich edson is at the white house for us. rich. >> good evening, sandra. house speaker john boehner left the capitol building about 10 minutes ago. he will motorcade over here. he should be here in a short while to begin yet another meeting with president obama. the two had a phone call earlier this week. on the phone the house speaker said they made little progress. aides say over the last few weeks there has been little discussion, constructive discussion moving towards a compromise. this is yet another attempt to get something moving. the white house put an offer on the table. republicans called it a joke. house republicans put a offer on the table. white house said it wasn't serious. since then the two sides have not moved that much closer to one another. the white house wants immediate tax increase on families earning more than $250,000 through a tax rate increase. for republicans they want more detailed spendi
it was a day marked by growing pessimism over congressional leaders over the fiscal cliff. is this meeting a sign progress is quietly being made with both sides? rich edson is at the white house for us. rich. >> good evening, sandra. house speaker john boehner left the capitol building about 10 minutes ago. he will motorcade over here. he should be here in a short while to begin yet another meeting with president obama. the two had a phone call earlier this week. on the phone the house...
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cliff negotiations because evidently according the wall street journal this is one thing that perhaps john boehner and the white house can agree upon that for high income individuals they maybe shouldn't get this tax exemption. anymore how would this impact things oh it's just are very skewed to high income earners now are people in high tax brackets people at the very top get about probably twenty seven percent of the advantage the people in the one percent get about twenty seven percent my own view is that it will really not hurt the bond market the municipal market that much there is massive demand for these bond issuers annual issuances been shrinking year by year so there's less. you know in the end i don't think it's really that big a deal personally the states are going to have to give something up i mean they they don't want federal funds coming to them cut they don't want to cut you know something has to give in this fiscal cliff play the states have to contribute something to the to the you know to the party so you think that if if this tax exempt status of interest is curbe
cliff negotiations because evidently according the wall street journal this is one thing that perhaps john boehner and the white house can agree upon that for high income individuals they maybe shouldn't get this tax exemption. anymore how would this impact things oh it's just are very skewed to high income earners now are people in high tax brackets people at the very top get about probably twenty seven percent of the advantage the people in the one percent get about twenty seven percent my...
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. >>> up next, tick tock on the fiscal cliff. president obama and house speaker john boehner meeting at the white house just minutes from now. my thoughts on the talks, the fed, and that cliff hanger, right after this. let's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they ji
. >>> up next, tick tock on the fiscal cliff. president obama and house speaker john boehner meeting at the white house just minutes from now. my thoughts on the talks, the fed, and that cliff hanger, right after this. let's give thanks - for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and...
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and avoid the so-called fiscal cliff. and they only have 19 days left. at the same time, the president's short list for secretary of state is even shorter right now, now that the ambassador susan rice has taken her name out of the running to replace hillary clinton. our chief white house correspondent jessica yellin and our senior congressional correspondent, dana bash, they are both standing by. jessica, first to you on the obama/b obama/boehner meeting that's going on what are you hearing? >> the meeting began 50 minutes ago in the oval office, and the purpose of this 11th hour meeting is to see if they can find a breakthrough. to see if there is any way that they can reach a deal in the 11th hour, wolf. for the speaker, that would mean essentially if he can get more spending cuts from the president. if there is a way they can achieve entitlement reform and enough of a spending agreement that would make it worth the speaker's while and able to sell it to his base. for the president, it means, will the speaker give on ta
and avoid the so-called fiscal cliff. and they only have 19 days left. at the same time, the president's short list for secretary of state is even shorter right now, now that the ambassador susan rice has taken her name out of the running to replace hillary clinton. our chief white house correspondent jessica yellin and our senior congressional correspondent, dana bash, they are both standing by. jessica, first to you on the obama/b obama/boehner meeting that's going on what are you hearing?...
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blame the stalled negotiations over the fiscal cliff which grew more heated with political leaders on both sides ramping up the rhetoric but president obama and house speaker john boehner are going to meet at white house in just a few minutes. >>> late today the president accepted united nations ambassador susan rice's decision to remove her name from consideration for secretary of state. >>> fox news reports that senator john kerry is being talked up in the administration as likely nominee pour that position. >>> home repossessions hit a nine-month high in november even as foreclosure filings fell to the lowest level in six years. courting to realtytrac number of homes in the process fell to the lowest level in six years. that is the latest from fox business network, giving you the power to prosper david: well the "wall street journal" poll of economists found a majority of those polled oppose the fed's continuation of money printing and bonn buying like was announced yesterday. one of the most influential of these voices, john silvia, managing director and chief economist for wells
blame the stalled negotiations over the fiscal cliff which grew more heated with political leaders on both sides ramping up the rhetoric but president obama and house speaker john boehner are going to meet at white house in just a few minutes. >>> late today the president accepted united nations ambassador susan rice's decision to remove her name from consideration for secretary of state. >>> fox news reports that senator john kerry is being talked up in the administration as...
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for what we all hope will result in a bit of progress in the fiscal cliff negotiations. congressman peter welch is a democrat from vermont and deputy chief whip and he joins us now. good afternoon, sir. >> good afternoon. >> the president has said that he wants to raise revenues, and so very specifically he wants tax rates on the rich to go up. speaker boehner says he wants to cut spending. but then he won't specify the cuts he'd like. why is that? >> he's got a tough negotiating situation. he's got to put on a show for his base and his base ran for spending cuts and for tax cuts. they know revenues are going to go up. speaker ba eer boehner knows th president is going to get his way so he's putting on a show. >> in the new nbc news/"wall street journal" poll when asked if these leaders should compromise to get a deal, 70% of democrats said yes while just 59% of republicans agreed. and now i'd like you to listen to minority leader pelosi today discussing changes to eligibility for medicare, something republicans say should be on the table. take a listen. >> don't even th
for what we all hope will result in a bit of progress in the fiscal cliff negotiations. congressman peter welch is a democrat from vermont and deputy chief whip and he joins us now. good afternoon, sir. >> good afternoon. >> the president has said that he wants to raise revenues, and so very specifically he wants tax rates on the rich to go up. speaker boehner says he wants to cut spending. but then he won't specify the cuts he'd like. why is that? >> he's got a tough...
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boehner said spending was the issue preventing the deal on the fiscal cliff negotiations. right now, dow down 76 points. fox news reports former republican senator hagel emerged at the leading con tender to be president obama's pick to be secretary of defense, according to several democrats briefed on the process. the same sources say senator john kerry is talked up within the administration as a more likely nominee for secretary of state over susan rice, the current u.s. ambassador not united nations. a new study suggests this christmas travel season could be the busiest in six years. aaa predicts more than 93 million americans hitting the highways over the holidays, just 400,000 people shy of the record set in 2006. we continue our count down to the closing bell with the woman who likes her politics the same hi way likes her martinis, shaken, not stirred. liz: no, a mojito, light on the rum, adam. get it right. >> you look like a vodka woman to me, i don't know. liz: never. can't deal with that. a rough year for jcpenney, but things changing. the stock popped, but now th
boehner said spending was the issue preventing the deal on the fiscal cliff negotiations. right now, dow down 76 points. fox news reports former republican senator hagel emerged at the leading con tender to be president obama's pick to be secretary of defense, according to several democrats briefed on the process. the same sources say senator john kerry is talked up within the administration as a more likely nominee for secretary of state over susan rice, the current u.s. ambassador not united...
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president obama and house speaker john boehner set to meet today to discuss the fiscal cliff as the two sides have been struggling, to say the least, to reach a deal. speaker boehner says president obama wants tax increases but is resistant to spending cuts. the president is optimistic about a deal but acknowledges it's a work in progress. in public opinion, a poll from the pew research center 55% say the president is making a serious effort to reach a agreement. 32% of republican leaders. mike, we're hearing frustration from republicans but the breaking news, 5:00 p.m. east coast time these two getting together again. >> this is critical a 5:00 meeting at the white house between the president and speaker, the two key figures in trying to hammer out a deal. the republicans were trying to make the point spending is the nature of the government's problem, not tax revenue. they prepared a chart showing spending is expected to increase from now to 2041 while tax revenue is expected to hold consistent. so at one point today the speaker of the house sounded like he was kind of tired of answer
president obama and house speaker john boehner set to meet today to discuss the fiscal cliff as the two sides have been struggling, to say the least, to reach a deal. speaker boehner says president obama wants tax increases but is resistant to spending cuts. the president is optimistic about a deal but acknowledges it's a work in progress. in public opinion, a poll from the pew research center 55% say the president is making a serious effort to reach a agreement. 32% of republican leaders....
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. >>> 19 days and counting until the government goes over the fiscal cliff. your taxes automatically go up. at this moment i wish they were close to a deal, but after john boehner and house minority leader nancy pelosi spoke a short time ago, deep sigh. not there yet. take a listen. >> republicans put out a let they're had more signatures than ideas. it had like one number. that's not -- let's get real. let's really get real about this if we are going to have a solution. >> here we are at the 11th hour and the president still is not serious about dealing with this issue right here. it's this issue. spending. we want to talk about polling. most americans agree that spending is a much bigger problem than raising taxes. we want to deal with this in a responsible way. >> as you just heard, house speaker said the white house is not serious about cutting spending, but the white house said it could be over if republicans agreed to raise taxes on the top 2%. guess what. 76% of adults surveyed agree with the president on this one. this is according to the polls as the
. >>> 19 days and counting until the government goes over the fiscal cliff. your taxes automatically go up. at this moment i wish they were close to a deal, but after john boehner and house minority leader nancy pelosi spoke a short time ago, deep sigh. not there yet. take a listen. >> republicans put out a let they're had more signatures than ideas. it had like one number. that's not -- let's get real. let's really get real about this if we are going to have a solution. >>...
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energy xx1 chairman john shiller weighs in on that, the fiscal cliff and oil prices. that is all next. ashley: first look how the u.s. dollar is moving today. it is well, look at this. it is higher against all these currencies that are down against the u.s. dollar. although the euro essentially flat on the day. we'll be right back. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >> 20 minutes past the hour right now. hi, everyone, i'm jamie colby. this is your fox news minute. acting director of central intelligence mike morrell is testifying behind closed doors toda
energy xx1 chairman john shiller weighs in on that, the fiscal cliff and oil prices. that is all next. ashley: first look how the u.s. dollar is moving today. it is well, look at this. it is higher against all these currencies that are down against the u.s. dollar. although the euro essentially flat on the day. we'll be right back. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block...
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the fiscal cliff. s&p down 23, down three quarters percent. and the nasdaq is down about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very important here. take a look the dow industrials. remember, we started moving down right after we saw mr. bernanke give his press conference. we talked about fiscal cliff having problems, not having the tools to deal with the fiscal cliff. the fed not having it, should we go over that. there we are dealing with the aftermath. remember something folks, september 14 is the high for the s&p this year. you know why that is important in september 13 is the fed meeting. they bought into the fed meeting and sold right after that, sue. and they are doing that again today. we are repeating what happe
the fiscal cliff. s&p down 23, down three quarters percent. and the nasdaq is down about half a percent. bob joins me on the floor of the nyse. the market is very undecided about what is happening in washington. what the feds know that perhaps we don't know. >> we are getting smacked around by these two separate events. the fiscal cliff as well as aftermath of what went on with the fed. i think the fed is still very important here. take a look the dow industrials. remember, we started...
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cliffs. including hurricane sandy legislation. this is about 20 minutes. >> and here he is. >> with every passing day, the republicans are calling on john banner to guarantee tax cuts to the middle class. today, sen. cornyn will be the second ranking republican next congress. they'll call upon john bennett to the reasonable thing. they will have this below sooner or later. those rates go up by operational luol -- and he said this all, this is true. within three-quarters of the american people including 61% of republicans agree with john corn -- john cornyn that they cannot be held hostage were giveaways to billionaires. the only question is how much the trust's sole class families and how much they will have to endure during this process. many other pieces of business critical to middle-class families that we will be working on if we resolve the fiscal cliffs. they are waiting and waiting for the press conferences, and reality will set in. and it hasn't yet. he is ignoring the points of the a
cliffs. including hurricane sandy legislation. this is about 20 minutes. >> and here he is. >> with every passing day, the republicans are calling on john banner to guarantee tax cuts to the middle class. today, sen. cornyn will be the second ranking republican next congress. they'll call upon john bennett to the reasonable thing. they will have this below sooner or later. those rates go up by operational luol -- and he said this all, this is true. within three-quarters of the...
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cliff fall-off point, the public will not equally blame the democrats or the republicans. they will blame the republicans. i don't think john boehner can do local tv hits and change people's minds. >> that's always, of course, the megaphone that the white house enjoys, and they add this to the schedule because they can tell day by day how it's tracking. >> sure. >> how is this going to affect issues coming up? for instance, immigration. >> well -- >> which the president said to "the des moines register" before the election, is one of his top priorities. >> i talked to people in the white house who are very familiar with the legislative agenda of the president, and they say comprehensive immigration reform -- we're not talking just the dream act that affects children and doesn't do anything about the 11 million. we're talking about putting 11 million people on a road to citizenship that the president is committed to this. it isn't just a political ploy to get hispanic votes, though it will. it's going to come out -- it's going to come up right after immigration. i'm sorry.
cliff fall-off point, the public will not equally blame the democrats or the republicans. they will blame the republicans. i don't think john boehner can do local tv hits and change people's minds. >> that's always, of course, the megaphone that the white house enjoys, and they add this to the schedule because they can tell day by day how it's tracking. >> sure. >> how is this going to affect issues coming up? for instance, immigration. >> well -- >> which the...
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. >>> is john boehner packing his parachute to jump off the fiscal cliff or will he figure it out? it's thursday, december 13th, and this is "now." i'm joy reid filling in for the lovely alex wagner. msnbc political analyst and editor at large at salon.com and also my pal joan walsh politico senior political editor maggie haberman and time assistant managing editor rona. with christmas less than two weeks away it's seeming more likely that america will see santa claus before it sees a deal on the fiscal cliff. the house majority and minority leaders issued a clear message today and yesterday don't book your plane tickets. >> we don't know if we would be home for the rest of hanukkah or christmas. let's really get real about this if we're going to have a solution, and let's stay here and sit at that table. >> we've said we're committed to staying here. we're going to stay here right up until christmas eve throughout the time and period before the new year. >> there are no talks scheduled today between the president and house speaker boehner. meanwhile, fed chairman ben bernanke, the
. >>> is john boehner packing his parachute to jump off the fiscal cliff or will he figure it out? it's thursday, december 13th, and this is "now." i'm joy reid filling in for the lovely alex wagner. msnbc political analyst and editor at large at salon.com and also my pal joan walsh politico senior political editor maggie haberman and time assistant managing editor rona. with christmas less than two weeks away it's seeming more likely that america will see santa claus before...
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deal to avert the fiscal cliff it is keeping busy with other business. it is passing the no fly act to allow them to determine which luggage will be rescreened. most bags with checked a second time and that leads to a lot of people missing their flights. we're back after the break. you know who's coming on to me now? you know the kind of guys who do like verse mortgage commercials? those types are coming on to me all the time now. >> she gets the comedians laughing... >> that's hilarious! >> ...and the thinkers thinking. >> okay, so there's wiggle-room in the ten commandments is what you're telling me. >> you would rather deal with ahmadinejad then me. >> absolutely! >> and so would mitt romeny. >> she's joy behar. >> and the best part is that current will let me say anything. what the hell were they thinking? >> only on current tv. [ singing christmas carols in background ] aunt sally's singing again. it's a tradition honey. [ singing christmas carols ] mmmm. [ female announcer ] make new traditions with pillsbury grands! cinnamon rolls. ♪ ♪ [ femal
deal to avert the fiscal cliff it is keeping busy with other business. it is passing the no fly act to allow them to determine which luggage will be rescreened. most bags with checked a second time and that leads to a lot of people missing their flights. we're back after the break. you know who's coming on to me now? you know the kind of guys who do like verse mortgage commercials? those types are coming on to me all the time now. >> she gets the comedians laughing... >> that's...
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jenna: a big topic inside this country is the fiscal cliff. we're minutes away from john boehner and his weekly press conference. the house speaker is expected to address the latest on negotiations in reaching any sort of a dealer who. we're less than three weeks to the january 1st deadline aft great deal of work needs to be done so the legislation can work through all the procedures in congress. mike emanuel is familiar with all that and joins us from capitol hill. any progress today? >> reporter: jenna we'll be waiting to listen to the carefully to the speaker's tone. obviously the key person in terms of negotiations on the republican side. at this point it feels like there is really a lack of trust on both sides. democrats are essentially saying if republicans came forward, gave us more tax revenue, we would have a deal very quickly. republicans act like it's charlie brown and the football essentially saying okay we come forward with the tax revenue and we ask you about spending cuts you are like lucy and you pull the football away and we f
jenna: a big topic inside this country is the fiscal cliff. we're minutes away from john boehner and his weekly press conference. the house speaker is expected to address the latest on negotiations in reaching any sort of a dealer who. we're less than three weeks to the january 1st deadline aft great deal of work needs to be done so the legislation can work through all the procedures in congress. mike emanuel is familiar with all that and joins us from capitol hill. any progress today? >>...
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. ♪ connell: the speaker of the house john boehner is about to update us on the fiscal cliff talks. pushing the president to come up with some spending cuts. we will have it live as soon as it starts. before that, let's make a little money. charles payne is here. tell us your stock today. charles: they make great cars. the demand is absolutely on fire. the liquefying the commodities, natural gas, i think there will be a lot of money there. as you are worried about this fiscal cliff stuff, this is one of the companies that has done very well in a recessionary. they have managed extraordinarily well. connell: i mentioned a moment ago. again, we are waiting for speaker john boehner. i mentioned a moment ago that the speakership and job is on the line. he will come out, rich erickson was telling us, the missing ingredient is the spending cuts. the president has not been serious. where do you think we are in all of this? charles: this whole thing came about because of the debt ceiling compromise. now it feels like that entire thing has been flip-flopped. connell: i guess you would not ha
. ♪ connell: the speaker of the house john boehner is about to update us on the fiscal cliff talks. pushing the president to come up with some spending cuts. we will have it live as soon as it starts. before that, let's make a little money. charles payne is here. tell us your stock today. charles: they make great cars. the demand is absolutely on fire. the liquefying the commodities, natural gas, i think there will be a lot of money there. as you are worried about this fiscal cliff stuff,...
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the clock is counting down to christmas and the fiscal cliff deadline. nancy pelosi offers john boehner a course in speakership 101 and while the republican caucus continues its rowdy spirit, can boehner add his party's maim to the nice list or will he become the grinch who steals capitol hill's christmas? we'll discuss with joan walsh, nicolas, rona, and luke russert. plus, we'll ask the president of the sciu what michigan's right to work fight means for labor in the new year. white house watchers turn weight watchers. how critical should size be when judging governor chris christie's oval office bona fitis. all that in three minutes. eatme. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction
the clock is counting down to christmas and the fiscal cliff deadline. nancy pelosi offers john boehner a course in speakership 101 and while the republican caucus continues its rowdy spirit, can boehner add his party's maim to the nice list or will he become the grinch who steals capitol hill's christmas? we'll discuss with joan walsh, nicolas, rona, and luke russert. plus, we'll ask the president of the sciu what michigan's right to work fight means for labor in the new year. white house...
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that's the word from house speaker john boehner as the country inches closer to the fiscal cliff, tax increases and spending cuts that take effect at year's end. few signs of compromise are an apparent meeting. this may extend through the holidays. also in jeopardy, some $60 billion in hurricane sandy recovery aid. >>> speaking of money for hurricane victims, rock 'n' roll royalty sang for in new york last night. bruce springsteen, bon jovi, kicking off the show with bruce's classic "born to run." $35 billion from ticket sales. paul mccartney filled in for kurt cobain with remembers of nirvana, as they rocked on through the wee hours. it just drew to a close. >>> we have a passing to note this morning. joe allbritain, who was one of washington's influential man has died at the age of 87. allbritton ran eight tv stations, including our favorite station, wjla, whose call letters bare his initials. >>> the last time most of us saw the man they called blade runner was at the london olympics. oscar pistorius was on the track. his revolutionary prosthetic legs. racing an arabian horse. and
that's the word from house speaker john boehner as the country inches closer to the fiscal cliff, tax increases and spending cuts that take effect at year's end. few signs of compromise are an apparent meeting. this may extend through the holidays. also in jeopardy, some $60 billion in hurricane sandy recovery aid. >>> speaking of money for hurricane victims, rock 'n' roll royalty sang for in new york last night. bruce springsteen, bon jovi, kicking off the show with bruce's classic...
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the fiscal cliff. he says president obama refusal to control spending is why talks keep failing. house minority leaves that leader nancy pelosi is also speaking out today on the issue. should criticize republican house leaders for sending lawmakers home today instead of staying in washington to work on an agreement. wide-ranging tax increases and spending cuts will take effect last next month at a solution is not reached. >> home repossessions rose to nine multi november even as the number of homes started on the path to foreclosure declined and the lowest level in six years. reality track's said banks completed foreclosure on over 59,000 homes last month. as a and 11% increase from october and up 5% from november last year. the number of homes entering the foreclosure process process sank to about 77,500. that's the lowest number foreclosures since december 2006. >> rob black will be talking about winners and losers on wall street. the approach the bay bridge has been an easy commute with lots of suns
the fiscal cliff. he says president obama refusal to control spending is why talks keep failing. house minority leaves that leader nancy pelosi is also speaking out today on the issue. should criticize republican house leaders for sending lawmakers home today instead of staying in washington to work on an agreement. wide-ranging tax increases and spending cuts will take effect last next month at a solution is not reached. >> home repossessions rose to nine multi november even as the...
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the nation edging closer to the fiscal cliff and with 19 days to go there is no deal, outlining what he calls "deliberate and frank talks with president obama" house speaker john boehner says both sides remain far apart. joining me is cnn analyst roland martin and cnn contributor will cain. to roland first. is this a real stalemate or is this all about posturing? >> it's a real stalemate. obviously republicans who clearly do not want to raise taxes on anybody, the president's made it perfectly clear that i won, i have a mandate and we are not going to continue doing this. also keep in mind the bush cuts contributed to our deficit so it's interesting to hear folks say we should continue them but they didn't say let's cut the deficit when they contribute it according to the cbo. i think the president certainly has more referage on his side and republicans know it and trying to hold out as best as they can. in the end he'll get his wish. >> who is going to blink first? will this is for you. seems like americans aren't interested in lawmakers digging in. look at the poll. this is what a
the nation edging closer to the fiscal cliff and with 19 days to go there is no deal, outlining what he calls "deliberate and frank talks with president obama" house speaker john boehner says both sides remain far apart. joining me is cnn analyst roland martin and cnn contributor will cain. to roland first. is this a real stalemate or is this all about posturing? >> it's a real stalemate. obviously republicans who clearly do not want to raise taxes on anybody, the president's...
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speaker of the house john boehner will give a statement on the fiscal cliff in about 10, 15 minutes. we'll bring you those comments live. >>> plus, shares of best buy are getting a big boost today on a report the founder will take the company private by the end of the week or at least make an offer to. we've got the man who broke the story joining us live with all the details. >>> facebook was obviously the big ipo of 2012. what will the big names be next year? twitter? hilton? dennis berman tells us what you should watt out for in 2013. >>> first the fed announcing a new round of stimulus and policy changes but the markets don't seem to care much. steve liesman is here with more insight on all the fed's moves. steve. >> thanks. one thing i think we can say for sure, chairman bernanke has to be surprised at what's effectively been a hawkish reaction to the massive policy changes he put in place yesterday. those policy changes include an announcement that the fed would boost its monthly purchase of assets to $85 billion. that would be a trillion dollars in a year, and also link intere
speaker of the house john boehner will give a statement on the fiscal cliff in about 10, 15 minutes. we'll bring you those comments live. >>> plus, shares of best buy are getting a big boost today on a report the founder will take the company private by the end of the week or at least make an offer to. we've got the man who broke the story joining us live with all the details. >>> facebook was obviously the big ipo of 2012. what will the big names be next year? twitter?...
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is the fiscal cliff getting closer? deal seems to be far off. president obama congressional republicans stuck on taxes. new "wall street journal"/nbc news poll shows a majority of americans are siding with the president on this one and republicans poll we're seeing a big shift a majority favor compromise. white house correspondent brianna keilar has been following the negotiations which are said to be tense with 19 days to go over the cliff. good morning. >> reporter: good morning. it appears so far the parties here haven't gotten the message on compromise. i would say they're very far apart. they continue to talk, staff between the white house and house republicans are talking. president obama and the speaker have had conversations in recent days, but when you listen to how john boehner has described those conversations, sunday he said that their talk was cordal and then he described his tuesday conversation with the president as deliberate and frank, so it doesn't take much to read between the lines there and see that things haven't gone reall
is the fiscal cliff getting closer? deal seems to be far off. president obama congressional republicans stuck on taxes. new "wall street journal"/nbc news poll shows a majority of americans are siding with the president on this one and republicans poll we're seeing a big shift a majority favor compromise. white house correspondent brianna keilar has been following the negotiations which are said to be tense with 19 days to go over the cliff. good morning. >> reporter: good...
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we begin this morning with the negotiations to avert the so-called fiscal cliff. so far this week, president obama and house speaker john boehner have spoken twice. boehner says differences remain and he's told lawmakers not to make plans for the week after christmas, which means we'll probably be here, too, including susan mcginnis in washington this morning with the latest. susan, good morning to you. >> hi. good morning, terrell. as the white house continue to fail at coming to a conclusion on the budget, this fiscal cliff is not waiting for the end of the year. it's affecting america today. well, even santa claus is upset. santa claus showed up on capitol hill wednesday, urging congress and the white house to strike a deal to avoid the looming fiscal cliff before christmas. >> it's discouraging that our elected leadership in congress can't come together to get the job done for the american people. >> reporter: both sides say it's putting a damper on the holidays. >> i think it's going to be extremely difficult to get it done before christmas. ? . >> in anticip
we begin this morning with the negotiations to avert the so-called fiscal cliff. so far this week, president obama and house speaker john boehner have spoken twice. boehner says differences remain and he's told lawmakers not to make plans for the week after christmas, which means we'll probably be here, too, including susan mcginnis in washington this morning with the latest. susan, good morning to you. >> hi. good morning, terrell. as the white house continue to fail at coming to a...
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economy falls off the so-called fiscal cliff, house speaker john boehner says he and the president are still not close to reaching any kind of a deal. >> the president's plan to avert the fiscal cliff still does not meet the two standards that i laid out today after the election. his plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and his plan does not begin o solve our debt crisis. it actually increases spending. the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more american jobs are placed in jeopardy. >> gretchen: so with both sides still hung up over tax hikes and spending cuts, can they come it a consensus in time to avert going off the cliff? let's ask texas congressman jeb hensarling who joins me live this morning. good morning to you. >> good morning. how are you? >> gretchen: doing just fine, thank you so much. it's interesting because it appears from john boehner that the president isn't budging on the spending cuts. yet i want to point you in the direc
economy falls off the so-called fiscal cliff, house speaker john boehner says he and the president are still not close to reaching any kind of a deal. >> the president's plan to avert the fiscal cliff still does not meet the two standards that i laid out today after the election. his plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and his plan does not begin o solve our debt crisis. it actually increases spending. the longer...
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. >>> americans want action when it comes to the fiscal cliff. john, you'll give us some of the highlights, but with what we've told them about what will happen if we go over, i guess we shouldn't be too shocked that they don't want to go over. we've basically said there could be a recession, there could be millions of job losses and everything else. so i guess we probably shouldn't be surprised by that. >> no, we shouldn't. they've gotten the message. they've absorbed it. we've asked in the survey how serious a problem is the fiscal cliff? and you get 68% of the people saying it's a very serious problem, which tells you something when you're talking about something abstract like tax and budget politics which people don't ordinarily pay attention to. they've gotten it. but what we're seeing in this poll, joe, is the after glow of the election. typically when presidents get re-elected, the partisan fighting stops. their numbers rise. the president's approval rating 53%. when you ask, who do you trust to handle the fiscal cliff, it shows how the pr
. >>> americans want action when it comes to the fiscal cliff. john, you'll give us some of the highlights, but with what we've told them about what will happen if we go over, i guess we shouldn't be too shocked that they don't want to go over. we've basically said there could be a recession, there could be millions of job losses and everything else. so i guess we probably shouldn't be surprised by that. >> no, we shouldn't. they've gotten the message. they've absorbed it. we've...
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but we've got some serious differences. >> woodruff: that downbeat assessment from house speaker john boehner came after he and president obama traded fresh offers this week. >> we spoke honestly and openly about the differences we face. but, the president's calling for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> woodruff: the president originally sought $1.6 trillion in revenue over 10 years, before lowering his target to $1.4 trillion. the money would come from raising rates on the top two percent of wage earners and curbing loopholes. boehner's counter was little changed-- $800 billion in revenues from closing loopholes and capping deductions, but no rate hikes. republicans have also demanded entitlement reform, and in a tuesday interview, the president would not rule out raising the medicare eligibility age by two years to 67. today, his white house spokesman, jay carney, summed up. >> he is willing to make tough choices and he has made clear and specified the spending cuts he is willing to make and he is willing to go further as part of a broader
but we've got some serious differences. >> woodruff: that downbeat assessment from house speaker john boehner came after he and president obama traded fresh offers this week. >> we spoke honestly and openly about the differences we face. but, the president's calling for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> woodruff: the president originally sought $1.6 trillion in revenue over 10 years, before lowering his target to $1.4 trillion. the...
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let's assume we go through the fiscal cliff, immigration, corporate tax reform, and investments. immigration, you are not going to do just a dream act, but you have to do a comprehensive immigration or you don't. george bush, john mccain, ted kennedy. then they decided to sabotage it. republicans of learned a lesson this time, but i'm not sure how much. corporate tax reform, i covered the 1985-1986 act. that was financed through corporate tax increase. they had the most skillful treasury secretary. people on both sides willing to work with the white house and congress. third, when you talk about infrastructure spending, investments, and things we done with n.i.h and national science foundation, all the talk now is about debt. so how do you do what they envisioned? >> once we get over the fiscal cliff we will have the discussion on the debt ceiling again in january. >> story. >> so we're not calling to get away from somewhat of a doomsday scenario for quite some time, which would allow his position. but i do think it is important, because the priorities that glenn outlined are not
let's assume we go through the fiscal cliff, immigration, corporate tax reform, and investments. immigration, you are not going to do just a dream act, but you have to do a comprehensive immigration or you don't. george bush, john mccain, ted kennedy. then they decided to sabotage it. republicans of learned a lesson this time, but i'm not sure how much. corporate tax reform, i covered the 1985-1986 act. that was financed through corporate tax increase. they had the most skillful treasury...
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then ben bernanke talked about the fiscal cliff that ended that rally, stocks coming off their highs, index, swung 102 points over second, and s&p finished where it began, nascar -- nazdaq down over 8 points, and trading on big board, busiest in the week, walmart a big mover, dropping retailer part of an overall weak group, best answer, profit taking with the sell-off walmart up, 18 -- almost 19ers in on the year, 10 year, yield rising to 1.69%, and crude market, up, joining me now, wells fargo chief economist, john silviia, 6.5% is target for fed chairman and the fed, that is the unemployment rate they want to hit, i have never heard of the fed doing this before. have you? >> no, this is -- there is a danger for fed being so specific. in a particular number, what we've seen, in the last two years, is that the unemployment rate has dropped, for whatever reason, by a 1% each year, that means 7. searc 7 we could be 6.n one year, is that is far ahead of between 15 -- the 2015 in the marketplace. lou: terrible thing about that is and would be, it would be the result of more people leaving
then ben bernanke talked about the fiscal cliff that ended that rally, stocks coming off their highs, index, swung 102 points over second, and s&p finished where it began, nascar -- nazdaq down over 8 points, and trading on big board, busiest in the week, walmart a big mover, dropping retailer part of an overall weak group, best answer, profit taking with the sell-off walmart up, 18 -- almost 19ers in on the year, 10 year, yield rising to 1.69%, and crude market, up, joining me now, wells...
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a rare look inside their fiscal cliff negotiations. >>. >> bl those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for ily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficu
a rare look inside their fiscal cliff negotiations. >>. >> bl those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for ily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all...
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cliff" crisis versus just 25% who approve of the republicans speaker of the house john boehner. >> thank you. >>> we have some breaking news now out of southern california. cal state fullerton is on lockdown. we have a live picture of the campus for you there. here's what's going on. police are searching for two armed men. now they believe it started when five suspects robbed a jewelry store in riverside county. after a chase that ended near the fullerton campus, apparently they have been able to arrest two of those suspects. police checking the campus for two others and we have some earlier video of the fifth suspect respect who police say carjacked this silver car and took off. the chase went on for miles. it finally anded in watts where police chased the suspect down and arrested him at that baseball diamond. >>> the white house has one word for korea's rocket launch. irresponsible. now the united nations security council is work on their response. cbs news reporter monica villamizar has more. >> reporter: north korea says it fired this long-range rocket into orbit to launch a weather
cliff" crisis versus just 25% who approve of the republicans speaker of the house john boehner. >> thank you. >>> we have some breaking news now out of southern california. cal state fullerton is on lockdown. we have a live picture of the campus for you there. here's what's going on. police are searching for two armed men. now they believe it started when five suspects robbed a jewelry store in riverside county. after a chase that ended near the fullerton campus, apparently...
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. >>> and we want to bring you up to date on the latest on the fiscal cliff. still closing in on american families, now 20 days from today. well, today, speaker of the house john boehner said he and president obama still have serious differences and warned republicans not to make any plans for the holidays. they may be hunkering down in washington, negotiating over christmas. >>> and now, abc's barbara walters is back tonight with another exclusive interview. this time, secretary of state hillary clinton. who is about to leave office, after traveling almost a million miles to nearly 100 countries. and everyone asking, does she still dream of the presidency? barbara is here right now. barbara? >> reporter: and that is the question, diane. as hillary clinton winds down her time as secretary of state, traveling the globe, we sat down together and i asked her that question, that's on everybody's mind. what's next? what most people are asking now about you is, will you consider running for president in 2016? would you just like to make your declaration now? we coul
. >>> and we want to bring you up to date on the latest on the fiscal cliff. still closing in on american families, now 20 days from today. well, today, speaker of the house john boehner said he and president obama still have serious differences and warned republicans not to make any plans for the holidays. they may be hunkering down in washington, negotiating over christmas. >>> and now, abc's barbara walters is back tonight with another exclusive interview. this time,...
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caller: c-span is unique because you'll keep saying "so-called fiscal cliff." david john m. have alluded to my -- may habeve alluded to my question earlier when i was on line. he mentioned something about multimillionaire's not receiving social security. there is a whole group of us out there. i was raised by depression parents who save, save, saved. they always said they did not need social security. i have a decent teacher pension but when social security kicked in, it was nice to have extra money. on their statistics available on a group of us who have saved and our parents have saved and we do not need social security? guest: i would like to congratulate you and having done what a lot of folks are unable to do and that is saved for your retirement. we encourage all of our members to do more to build up their nest egg. we know that most people are not in your situation. 1/3 opal social security - of all social security recipients rely entirely on that income for their retirement. there are some folks like you. they do rely on this program to get by in their retirement yea
caller: c-span is unique because you'll keep saying "so-called fiscal cliff." david john m. have alluded to my -- may habeve alluded to my question earlier when i was on line. he mentioned something about multimillionaire's not receiving social security. there is a whole group of us out there. i was raised by depression parents who save, save, saved. they always said they did not need social security. i have a decent teacher pension but when social security kicked in, it was nice to...
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moves closer the falling off the fiscal cliff. you deserve from gop house speaker john baker and the democratic minority minority leader nancy pelosi. right now lawmakers have less than three weeks to reach a budget deal. if they don't most experts agree, the results could be disastrous for the american economy. the possibility of severe spending cuts there with a big jump in taxes for everyone. joining us to write down all this is michael yaqui. democrats won increase taxes on high- income earners and republicans want spending cuts >> it is basically the election and that is why everyone saying that the president had a mandate to make this change. he made very clear in this campaign that is what he wants to do. the american people and all the polls right now so that they support the president's plan. >> president obama has been very firm on tax cuts for the reds routedwhich. he did wie election you think he has an edge in these discussions? >> right now this is between the grand bargain which is putting everything on the table, s
moves closer the falling off the fiscal cliff. you deserve from gop house speaker john baker and the democratic minority minority leader nancy pelosi. right now lawmakers have less than three weeks to reach a budget deal. if they don't most experts agree, the results could be disastrous for the american economy. the possibility of severe spending cuts there with a big jump in taxes for everyone. joining us to write down all this is michael yaqui. democrats won increase taxes on high- income...
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house speaker sent the white house a fiscal cliff proposal calling for a permanent extension of the bush-era tax credit for incomes in the top 2%. that was the same proposal. >> that is the identical proposal. in 2011 that was the same proposal. john boehner he listen to this, this is b 12 john boehner after the election, what he was calling the president to do which he is not doing. >> mr. president this is your moment. we're ready to be led, not as democrats or republicans but as americans. we want to you lead, not as a liberal or conservative, but as president of the united states of america. we want to you succeed. let's challenge ourselves to find the common ground that has alluded us. let's rise above the dysfunction and do the right thing together for our country. >> cenk: now look, i'll tell i couldn't this pisses me off. lindsey graham says the same thing. this is not time to be liberal. conservatives say time to be conservatives. we've got a mandate. but not time to be liberal time to be bipartisan. you play small ball. you're not a man. a man agrees with us? why, a man kicks your
house speaker sent the white house a fiscal cliff proposal calling for a permanent extension of the bush-era tax credit for incomes in the top 2%. that was the same proposal. >> that is the identical proposal. in 2011 that was the same proposal. john boehner he listen to this, this is b 12 john boehner after the election, what he was calling the president to do which he is not doing. >> mr. president this is your moment. we're ready to be led, not as democrats or republicans but as...
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. >>> most americans say our leaders will keep us from falling off the fiscal cliff 20 days from now. that's according to a news pal. 51% say president obama and congress will cut a deal to prevent automatic tax hikes and spending cuts. john boehner says he still has serious differences with the president after they exchanged new counteroffers apparently and talked on the phone last night. now some house republicans are vowing to work through the holidays to get the deal done. ed henry is live at the white house. that's a motivator i suppose, lose your christmas. >> normally when there is a holiday like that, you're right. this forces them to come to the table. right now they are still pretty far apart. there was a phone call you last night between the president and the speaker. officials on both sides telling me tonight the call was pretty tense because the bottom line is they are still not finding common ground. you listen to the speaker today, jay carney from the white house podium, they're still saying that they're farther apart on both spending cuts and tax increases. take a list
. >>> most americans say our leaders will keep us from falling off the fiscal cliff 20 days from now. that's according to a news pal. 51% say president obama and congress will cut a deal to prevent automatic tax hikes and spending cuts. john boehner says he still has serious differences with the president after they exchanged new counteroffers apparently and talked on the phone last night. now some house republicans are vowing to work through the holidays to get the deal done. ed henry...
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we could hit another recession if we go over the fiscal cliff. >>> shoppers that dive for cover as a gunman opens for cover in an oregon mall. we're going to give you the latest details, including the newly released identity of the man. >>> internet pioneer john mcafee is on his way back to the united states. kate bolduan is monitoring that story and others. >> guatemala officials escorted him to the airport and he boarded the plane to miami after a deportation order from guatemala. he is wanted for questioning in belize over the death of a neighbor. we've been following his story pretty closely. mcafee was held in guatemala for a week. he made his fortune from the anti-virus software that bears his name. >>> also, jacob tyler roberts was the lone gunman in the shooting at the clackamas town center mall. they say roberts was armed with a semiautomatic rifle. take a listen. >> it appears that the suspect's rifle did jam while he was attacking people in the food court. however, he was able to get it working again. clackam clackamas town center had a lockdown procedure and they did a gr
we could hit another recession if we go over the fiscal cliff. >>> shoppers that dive for cover as a gunman opens for cover in an oregon mall. we're going to give you the latest details, including the newly released identity of the man. >>> internet pioneer john mcafee is on his way back to the united states. kate bolduan is monitoring that story and others. >> guatemala officials escorted him to the airport and he boarded the plane to miami after a deportation order...
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speak of the president's plan to avert the fiscal cliff still does not meet the two standards as laid out the day after the election. the plan does not fulfill his promise to bring a balanced approach to solving this problem. >> it is not a realistic position to say that we can resolve this by extending tax cuts for the wealthiest americans and vaguely promising that we will lean additional revenue by closing loopholes and counting deductions in a way everyone knows is unrealistic. >> republicans continue to refuse to raise tax rates on wealthier families, the official claims a concession would open a pathway to a deal, however republicans and democrats are still hundreds of billions of dollars apart on how large of a tax increase congress should pass and how much spending it should cut. thank you. david: this time their representatives of utility companies saying tax hikes, find out which ones could kill the stocks. find out why would we talk to two of the ceos live from d.c. liz: and look at the two pretty significant and historic surprises that came out of the fed today. rbs securi
speak of the president's plan to avert the fiscal cliff still does not meet the two standards as laid out the day after the election. the plan does not fulfill his promise to bring a balanced approach to solving this problem. >> it is not a realistic position to say that we can resolve this by extending tax cuts for the wealthiest americans and vaguely promising that we will lean additional revenue by closing loopholes and counting deductions in a way everyone knows is unrealistic....
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and with just 12 days to hanging our stockings by the chimney and 20 days until the dreaded fiscal cliff, there's a distinct chill in the air. after the exchange of new offers, the president phones john boehner last night for one what aide described as a tense call. the speaker today, he had a bit of trouble finding just the right word. >> the president and i had a deliberate talk. i didn't say it was tense. the president and i had a pretty frank conversation. >> okay, well, whether it was tense or deliberate or frank, it's clear it wasn't cheerful or chummy. >> we spoke honestly and openly about the differences that we face. i was born with a glass half full. i remain the most optimistic person in this town. but we've got some serious differences. >> serious differences, indeed. democratic sources tell nbc that the reason for the tension was nestled in republicans' latest counter offer which included a permanent extension of tax cuts for the wealthy. yes, they're not just guilding the lily, they're gilding the gilded. >> holding hostage the middle income tax cuts to tax cuts for the wea
and with just 12 days to hanging our stockings by the chimney and 20 days until the dreaded fiscal cliff, there's a distinct chill in the air. after the exchange of new offers, the president phones john boehner last night for one what aide described as a tense call. the speaker today, he had a bit of trouble finding just the right word. >> the president and i had a deliberate talk. i didn't say it was tense. the president and i had a pretty frank conversation. >> okay, well, whether...
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cliff deal with republicans. whatever negotiations are taking place between the president and speaker john boehner, whatever each side is prepared to give up a a level of security. it's totally possible the white house actually has no intent on messing with medicare or social security benefits. but for the left the chatter is ominous. it's coming from well sourced reporters and we've been down this road before. the pursuit with john boehner in 2011, obama was willing. there's reason to suspect there's something to all this chatter. and the question then becomes why? why would obama who simply by doing nothing these next few weeks could get the tax hike on the wealthy he's been demanding without touching medicare and social security? why would he entertain such drastic changes to the safety net? most likely culprit is the dreaded debt ceiling. here's why. republicans came to these talks with no leverage. the consequences of doing nothing before the december 31st meeting were worse for them than democrats. they loo
cliff deal with republicans. whatever negotiations are taking place between the president and speaker john boehner, whatever each side is prepared to give up a a level of security. it's totally possible the white house actually has no intent on messing with medicare or social security benefits. but for the left the chatter is ominous. it's coming from well sourced reporters and we've been down this road before. the pursuit with john boehner in 2011, obama was willing. there's reason to suspect...
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back to the fiscal cliff. we're less than three weeks now from the 1-2 punch of tax increases and government spending cuts. president obama, house speaker john boehner held another phone call last night. here is speaker boehner on that. >> there were some offers that were exchanged back and forth yesterday. and the president and i had a pretty frank conversation about just how far apart we are. >> as we mentioned just last hour, take a look at the graph, these two sides have moved closer on taxes over the last couple of weeks. speaker boehner offered up $800 billion in new tax revenues after insisting on none. the president just this week, he's come down a little bit to $1.4 trillion but still no dice. no deal. cnn's sandra endo is standing by at reagan national airport, across the potomac from washington. so, sandra, if we hit this fiscal cliff, all the spending cuts kick in, what effect will that have on air travel? >> reporter: the big unknown is still how it will affect the everyday traveler. and that is c
back to the fiscal cliff. we're less than three weeks now from the 1-2 punch of tax increases and government spending cuts. president obama, house speaker john boehner held another phone call last night. here is speaker boehner on that. >> there were some offers that were exchanged back and forth yesterday. and the president and i had a pretty frank conversation about just how far apart we are. >> as we mentioned just last hour, take a look at the graph, these two sides have moved...